FDIC Federal Register Citations

[April 25, 1997 (Volume 62, Number 80)]

[Unified Agenda]

From the Federal Register Online via GPO Access [frwais.access.gpo.gov]

[Page 22652]

Part LI

Federal Deposit Insurance Corporation

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FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Proposed Rule Stage

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4098. <bullet> PREVENTION OF DEPOSIT SHIFTING

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1815; 12 USC 1819

CFR Citation: 12 CFR 312

Legal Deadline: None

The deposit shifting statute terminates on the earlier of Dec. 31,

1999, or the date on which the last savings association ceases to

exist.

Abstract: This regulatory action implements a new statute to prevent

the shifting of deposits insured under the Savings Association

Insurance Fund (SAIF) to deposits insured under the Bank Insurance Fund

(BIF) to avoid assessments rates applicable to SAIF deposits.

Timetable:

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Action Date FR Cite

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NPRM 02/11/97 62 FR 06139

NPRM Comment Period End 04/14/97

Final Action 10/00/97

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Joseph A. DiNuzzo, Counsel, Legal Division, Federal

Deposit Insurance Corporation, Washington, DC 20429

Phone: 202 898-7349

RIN: 3064-AC01

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